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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). The new feature in Brex Cash allows customers the choice to hold cash savings with FDIC insurance, or invest in Money Market Funds.

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Ten Questions for Kansas City Fed President Esther George

American Banker

Kansas City Federal Reserve Bank President Esther George is best known nationally as a critic of the Fed’s monetary policy, but in a wide-ranging interview she talks about Dodd-Frank, bank capitalization and the challenges facing community banking, in addition to interest rates.

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Community Bank Outlook: Challenges and Opportunities in 2021 and Beyond

Abrigo

according to FFIEC and FDIC data. One key area that can be both an obstacle and an opportunity for community banks is technology, the Federal Reserve Bank of Kansas City says. Even though community banks make up a small share of total assets and deposits, 13.5% In the recent publication, Community Banks’ Ongoing Role in the U.S.

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How to Measure Interest Rate Risk Effectively in Banks & Credit Unions

Abrigo

Measurement plays an important role in ensuring that interest rate risk doesn’t threaten a financial institution’s earnings and capital. FDIC) noted in its 2021 Risk Review. Long-term IRR measurements focus on the possible impact to capital from changes in interest rates. EVE Analysis. Measure long-term interest rate risk.

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The top-performing community banks of 2021

Independent Banker

In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. If we were to have capital levels more in line with peer averages, we would barely be able to originate and keep mortgage loans of any size. . Kansas City.